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News and information about our funds and market commentaries.

  1. A Roosevelt moment

    July turned out to be a generally pleasant month, with falling interest rates and rising stock prices. The yield on 10-year US government bonds fell by as much as 32 basis points, whereas the MSCI World Index rose by 1.3% in local currency. Somewhat lower commodity prices, oil included, seemed to clear the way for further declines in inflation rates and a more dovish stance from the US Federal Reserve. In the US, where policy rates have yet to be cut, the headline inflation figure fell from 3.3% to 3.0%. In Norway, also waiting for the first cut, it fell from 3.0% to 2.6%.

  2. Investing in stride

    Here’s June 2024 for you: After heavy losses in European elections, French president Emmanuel Macron called for a surprising snap election, causing a spike in French government bond yields. The US announced new tariffs on a wide range of Chinese technology products, leading to retaliatory measures from China two days later. Trade talks broke down and further measures were announced.

  3. And it's no sacrifice

    In April, we hosted an institutional investor conference in Stockholm, with speakers and attendees from seven different countries. The title of the conference was “Pareto improvements in the agile Nordic markets”. Besides the obvious play on our company name, the title may need a bit of explanation for those who did not participate.

  4. Results from election meeting

    At the election meeting, held on 31 May 2024, one unitholder representative were re-elected to the board of Pareto Asset Management.

  5. Smoothing concerns

    May was certainly pleasant in the stock market. The S&P 500 rose by a full 5.0%, on renewed hopes of lower US inflation paving the way for earlier rate cuts. The MSCI World Index rose by 4.1% in local currency, reflecting a somewhat more restrained exuberance in other markets. Total return year to date, at 11.1%, is nevertheless in double-digit territory after just five months.

  6. Weep not for the exchange rate

    Out of curiosity, I asked ChatGPT to pinpoint the most unexpected turn of events in the financial markets in April. In fixed income, it pointed to the sharp rise in long-term bond yields, particularly in the U.S. Treasury market. I’m not sure if it was truly unexpected, but it was indeed sharp: The 10-year yield rose by 48 basis points, while the 2-year yield almost followed suit, at 41 basis points.

  8. Swing pricing

    Pareto Asset Management AS has established procedures for swing pricing in accordance with the prospectus, to further improve protection of long-term unit holders, and shield existing holders from bearing trading related costs associated with the subscription and redemption of units.

  9. Pareto Investor Conference 2024

    18 - 19 April Pareto Asset Management hosted the Pareto Investor Conference 2024. We were grateful and humble to welcome more than 70 guests from Sweden, Norway, Germany, Finland, Switzerland and France for a two-day event in Stockholm.

  10. Of wolves and inconsistencies

    Financial markets in March were of the rosy kind. The MSCI World Index rose by 3.4%, bringing this year’s appreciation into double-digit territory. It’s being accompanied there by both the S&P 500 and the MSCI Nordic countries index, with the Euro STOXX 50 leading the pack at 12.9% after the first quarter of 2024.